NRSAF (Norse Atlantic ASA) Pretax Margin %: -14.91% (As of Mar. 2026)


NRSAF Norse Atlantic ASA NRSAF
29 GF Score
Price $0.06
GF Value $0.36
Valuation Possible Value Trap
! 3 Warning Signs
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What is Norse Atlantic ASA Pretax Margin %?

Norse Atlantic ASA NRSAF -10.02% 29 Pretax Margin % is -14.91% as of Mar. 2026. GuruFocus rates NRSAF with a GF Score™ of 29/100 and a GF Value™ of $0.36 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 997 Transportation companies, Norse Atlantic ASA ranks worse than 90.67% on this metric.

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Norse Atlantic ASA's Pre-Tax Income for the three months ended in Mar. 2026 was $-23.9 Mil. Norse Atlantic ASA's Revenue for the three months ended in Mar. 2026 was $160.3 Mil. Therefore, Norse Atlantic ASA's pretax margin for the quarter that ended in Mar. 2026 was -14.91%.

The historical rank and industry rank for Norse Atlantic ASA's Pretax Margin % or its related term are showing as below:

NRSAF' s Pretax Margin % Range Over the Past 10 Years
Min: -167.81   Med: -30.67   Max: -8.35
Current: -9.13


NRSAF's Pretax Margin % is ranked worse than
90.67% of 997 companies
in the Transportation industry
Industry Median: 6.77 vs NRSAF: -9.13

Norse Atlantic ASA  (OTCPK:NRSAF) Pretax Margin % Explanation

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.


Norse Atlantic ASA Pretax Margin % Related Terms


Norse Atlantic ASA Pretax Margin % Historical Data

* Premium members only.

The historical data trend for Norse Atlantic ASA's Pretax Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Norse Atlantic ASA Pretax Margin % Chart

Norse Atlantic ASA Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Pretax Margin %
0.00 -167.81 -38.37 -22.97 -8.35

Norse Atlantic ASA Quarterly Data
Feb20 Jun21 Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Pretax Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -11.86 -2.71 -3.12 -21.21 -14.91

NRSAF vs DAL, UAL, LUV: Pretax Margin % Comparison

For the Airlines subindustry, Norse Atlantic ASA's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Norse Atlantic ASA Pretax Margin % vs Transportation Industry

For the Transportation industry and Industrials sector, Norse Atlantic ASA's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Norse Atlantic ASA's Pretax Margin % falls into.


NRSAF
29GF Score
Norse Atlantic ASA NRSAF
Pretax Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Norse Atlantic ASA Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

Norse Atlantic ASA's Pretax Margin for the fiscal year that ended in Dec. 2025 is calculated as

Pretax Margin=Pre-Tax Income (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=-61.293/734.041
=-8.35 %

Norse Atlantic ASA's Pretax Margin for the quarter that ended in Mar. 2026 is calculated as

Pretax Margin=Pre-Tax Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=-23.91/160.314
=-14.91 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Pretax Margin % →
What does a Pretax Margin % of -14.91% mean?
Norse Atlantic ASA (NRSAF) has a Pretax Margin % of -14.91% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Norse Atlantic ASA and its competitors. According to the industry distribution chart, Norse Atlantic ASA ranks #904 out of 997 companies in the Transportation industry, placing it in the top 90.7%.
Is Norse Atlantic ASA's Pretax Margin % too high?
Norse Atlantic ASA's current Pretax Margin % is -14.91%. Based on the distribution chart, Norse Atlantic ASA ranks #904 out of 997 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Norse Atlantic ASA has a GF Score™ of 29/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Norse Atlantic ASA's Pretax Margin % compare to DAL and UAL?
According to the Transportation industry distribution chart, Norse Atlantic ASA ranks #904 out of 997 companies for Pretax Margin %. This places Norse Atlantic ASA in the lower half of its industry. The industry median Pretax Margin % is 6.77. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pretax Margin % for a Transportation company?
The median Pretax Margin % among Transportation companies is 6.77, based on 997 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Norse Atlantic ASA and its competitors. For the Transportation industry, the median Pretax Margin % is 6.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Norse Atlantic ASA's current Pretax Margin % is -14.91%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Norse Atlantic ASA stock overvalued right now?
Based on GuruFocus' analysis, Norse Atlantic ASA (NRSAF) is currently considered Possible Value Trap. The stock's GF Value™ is $0.36, compared to a current price of $0.06 — trading 83.9% below its estimated fair value. The current Pretax Margin % is -14.91%. Norse Atlantic ASA's overall GF Score™ is 29/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Norse Atlantic ASA (NRSAF), the current Pretax Margin % is -14.91% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Norse Atlantic ASA (NRSAF) Overvalued in 2026?

Based on GuruFocus' analysis, Norse Atlantic ASA stock appears to be undervalued. The current stock price of $0.06 is trading 83.9% below its estimated GF Value™ of $0.36. GuruFocus considers Norse Atlantic ASA to be Possible Value Trap.

Key valuation signals for NRSAF:

  • Pretax Margin %: -14.91%
  • GF Value™: $0.36 vs. price of $0.06 (83.9% below fair value)
  • GF Score™: 29/100 with 3 warning signs

No single metric tells the full story. See the NRSAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Norse Atlantic ASA Business Description

Address Floyveien 14, Arendal, NOR, 4838
Norse Atlantic ASA is an airline offering affordable fares on direct, long-haul flights to popular destinations, along with specialized charter and ACMI services for tailored travel needs and extensive cargo operations. It operates a modern fleet of various fuel-efficient Boeing 787 Dreamliners, serving a network of destinations across North America, Europe, Africa, and Asia. Norse also provides charter flights for third parties, particularly during the lower-demand winter season. The company derives the majority of its revenue from passenger airfare income, followed by ancillary passenger income, lease rentals, charter income, and other sources. Geographically, it generates maximum revenue from the United States, and the rest from the United Kingdom, the Rest of Europe, Norway, and India.
29GF Score

Get the complete analysis for NRSAF

Pretax Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.06
Price
$0.36
GF Value